The Top "Main Street" Mortgage And Real Estate Scams Of The 21st Century

In 2008, the United States Economy nearly collapsed due to the complete meltdown of the Housing Market. This was caused by an incredible amount of greed, fraud and corruption on all levels. The actions of Wall Street have been well documented; much less attention has been paid to Main Street. The Top Mortgage and Real Estate Scams of the 21st Century, exposes the scams carried out by Main Street More

In the year 2008, the entire United States Economy nearly collapsed due to the complete meltdown of the Housing Market. This was brought on by an incredible display of greed, fraud and corruption on all levels. The actions of those on Wall Street and it's abuse of the Housing Market have been well documented in the media. The downfall of giants such as Bear Sterns and Lehman Brothers is well known. However, much less attention has been paid to Main Street. The Top Mortgage and Real Estate Scams of the 21st Century, exposes the greed, fraud, corruption and scams carried out by those on Main Street - Real Estate Agents, Loan Officers, Investors, Mortgage Brokers, Title Companies, Appraisers, Builders, Loan Modification companies, and Loan Servicing companies.While the fraudulent practices of those on Wall Street have been well documented, as incredible as it seems many have gotten off without prosecution. On the other hand, convictions for those on Main Street occur daily, with many of those involved being sentenced to long jail terms. The Top Mortgage and Real Estate Scams of the 21st Century details the specific scams used by Real Estate Agents, Investors, Mortgage Brokers, Title Companies, Appraisers, Builders, Loan Modification companies, and Loan Servicing companies to defraud millions, and documents their subsequent arraignments and convictions.

. Lance Roberts has been involved in various aspects of the Real Estate/Mortgage arena. Over the past 10 years he has been a licensed Real Estate Agent, A Mortgage Originator working with Mortgage Brokers as well as Direct Lenders, worked in Loan Servicing, Asset Management and Loss Mitigation. After witnessing the incredible amount of greed and fraud that led to the demise of the housing industry, D. Lance Roberts noticed that most of the coverage, and rightfully so, was focused on Wall Street. On the other hand, very little attention in the media has been paid to Main Street’s “contribution”. On top of the irony is Main Street characters are being prosecuted and sentenced daily; Wall Street; nothing.

Reviews

Review by:
Susie Freeman
on July 26, 2012 :
It's great to see these crooks prosecuted but it's a shame the big banks and Wall Street, as always, seem to get away scott free. I have a family member who was an appraiser and he would tell us how lenders would try to bribe or even threaten him to get the values that they needed..And a loan application where no income, work information, asset info, was documented and you could get a mortgage? I'm sorry I missed out on that one!!

(reviewed 3 days after purchase)

Review by:
Craig Lewis
on July 24, 2012 :
If you have ever owned a home or thought about it, this is definitely something worth reading. I always wondered why the first question Real Estae agents ask is ..Are you currently working with a agent?" Now I know why! Thanks for the info. The actual prosecuted cases in the Appendix are mind blowing..the things people do when led by greed!!

(reviewed 3 days after purchase)

Review by:
Jon Robbins
on July 22, 2012 :
This is the real deal! Thanks for exposing these crooks! I never thought of amortization being a scam but the way it's explained in the ebook it all makes sense. The first 10 years paying a mortgage with most of that money going to the bank in interest. So of course they encourage you to refinance over and over again! You never pay off your house and you just keep paying the banks! Wow! Great read!

(reviewed 32 days after purchase)

Review by:
Rebecca Smith
on June 17, 2012 :
It's about time someone told the truth about those crooked Real Estate Agents, Loan Officers and Title Comapnies. Some of this stuff in this ebook is UNREAL! How did they get away with it? Human greed is incredible and this book definitely sheds light on Main Street's contribution to the Housing Market crash in 2008. Even the description of how a mortgage is amortized is eye opening. Most of the money paid every month goes to the bank for the 1st 10 years or so and the process starts all over again when you refinance? No wonder banks are always encouraging people to refinance!! Making a mortgage payment and the balance goes up? That's not a mortgage that's loan sharking! This is a definite must read!